College Essay Topics That Apply

College Essay Topics That ApplyThe final step in getting your college essay published is to know which College Essay Topics apply. There are a number of types of essay topics that colleges will typically use to guide you when they decide what you should write for your paper. The kind of topic you choose can either be an extension of the ones that they have already used or it can be completely different and quite unique from any that they might have written about.By now you may have figured out that you do not want to worry about writing something that is very factual or true fact, but you will want to show the essay to others as proof of your study. One of the best College Essay Topics that you can use is 'A true fact.' This can be used to provide evidence of your college studies and to let people know that you have done your homework. In this way it can show that you know what you are talking about and that you are sincere in your argument.The next essay topic that you can choose is Texas. This is one of the popular topics because of the Texas accent. Just as the name suggests, it is used to portray the historical significance of Texas. Many colleges will use the phrase 'Texas - Famous' in conjunction with the Texas accent.Texas has been the center of American history for many years and many Americans can not resist saying that Texas is the greatest state in the world. The essay topic Texas - Famous will usually talk about Texas and how much America has benefited from the Texan's wealth and prosperity. It can also talk about how Texas is such a great place to live. Most students that are interested in Texas are going to want to use the phrase Texas - Famous. This makes it easier for them to describe what life is like in Texas.The third College Essay Topic that applies Texas is just how wonderful Texas is. In addition to the great weather and the abundance of natural resources, Texas is also known for its fast food, movies, and gambling. The next sentence that you should use is 'A true fact about Texas' and it should start with 'Texas is famous for something.'You may be thinking about taking a swing at Texas and having the phrase 'Texas is famous for something' in your essay. A great idea is to insert this phrase into the middle of an argument that states that Texas is great for one thing or another. This will give you enough information to show why your paper can be considered a true fact about Texas.The next essay topic that can apply Texas is how nice Texas is to visit. There are many vacation spots that can make it a memorable vacation and you want to include this in your essay. It might be a good idea to include this in your final paragraph or sentence, so that you can show just how wonderful the state of Texas is.

Assessment of Credit Management in Case of Awash Bank

CHAPTER ONE 1. Introduction 1.1. Background of the study The word credit has been derived Latin word â€Å"credo† which means I believe or I truest which signifies at trust of confidence reposed in another person. The term credit thus means reposing trust of confidence in some body. Credit is purchasing power not derived from income but created by financial institution either as an offset to idle income held by deposition in the bank or as a need addition to the total amount purchasing. By credit we mean the power which one person has to induce another to put economic good at this disposal a time on promise or future payment. Credit is thus, an attributed of power the borrower (Thomas 1999). Credit is exchange function in which†¦show more content†¦1.7. Back ground of the organization Awash international bank S.C (AIB) was established as the first private commercial bank after the renaissance of Ethiopian private sector on November 10, 1994 by 486 founder share holders with a paid up capital of birr 24.2 million and started banking operation on February 13, 1995. Over the past sixteen years the number of share holder and the amount of paid up Capital has increased 2834 and birr 560 million respectively. It started in Ambo branch / town in July 11, 2008 and by the number of 23 employees. The objective of the bank is to provide efficient, competitive, diversified and profitable banking service to a continues growing number of customer in a socially responsible manner supported by appropriate modern banking technology as well as qualifies, trained and motivated team of management and employees imbued with high professional and ethical standard. Awash international bank is now operating more than 64 branches in all over the country; Ambo town branch is one of them. AIB complete their own construction of its own head office building inShow MoreRelatedPost Mergers Hr and Cultural Issues3641 Words   |  15 Pagesdriver for market dominance, geographical expansion, leverage in resource and capability acquisition, competence, adjusting to competition. MAs are strategic alliances. People Management plays a critical role in MA. People [pic]issues like staffing decision, organizational design, etc., are most sensitive [pic]issues in case of MA negotiations, but it has been found that these [pic]issues are often being overlooked. 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Drucker Credits Front Cover Copyright About the Publisher iii Introduction: Tomorrow’s â€Å"Hot† Issues Where, readers may ask, is the discussion of COMPETITIVE STRATEGYRead MoreData, Analytics, and Competitive Advantage14733 Words   |  59 Pagesthird-party data sets, cheap, fast computing and easier-to-use software are collectively enabling a new age of decision making. 2. Be familiar with some of the enterprises that have benefited from data-driven, fact-based decision making. The planet is awash in data. Cash registers ring up transactions worldwide. Web browsers leave a trail of cookie crumbs nearly everywhere they go. And with radio frequency identification (RFID), inventory can literally announce its presence so that firms can preciselyRead MoreRetailing and Big Bazaar12258 Words   |  50 Pagesmust prepare marketing plans that include decisions on target markets, product assortment and services, store atmosphere, pricing, promotion, And place. 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(In some instances, the cases apply principles and techniquesRead MoreManagement Course: Mba−10 General Management215330 Words   |  862 PagesManagement Course: MBA−10 General Management California College for Health Sciences MBA Program McGraw-Hill/Irwin abc McGraw−Hill Primis ISBN: 0−390−58539−4 Text: Effective Behavior in Organizations, Seventh Edition Cohen Harvard Business Review Finance Articles The Power of Management Capital Feigenbaum−Feigenbaum International Management, Sixth Edition Hodgetts−Luthans−Doh Contemporary Management, Fourth Edition Jones−George Driving Shareholder Value Morin−Jarrell Leadership

Global Warming Also Called Climate Change - Free Essay Example

Sample details Pages: 2 Words: 529 Downloads: 5 Date added: 2019/03/14 Category Ecology Essay Level High school Tags: Global Warming Essay Did you like this example? Global Warming also called climate change is the increase in higher temperature of the Earth. Also, because the amount of the human generated greenhouse gases absorbing heat from the sun and then sustaining it within the atmosphere. The causes of Global Warming is a very serious environmental issue, with excess release of Carbon Dioxide into the air we the people and any life form breath in. There are two different categories which is one of the many causes of global warming. The â€Å"natural† and â€Å"human influences†. One of many of human influences are things like mining, the deforestation, and industrial revolution. The burning of fossil fuels is one of the main sources of CO2 emissions in the Unites States (Global Warming Science, 2017). With factories and manufacturing plants burning fossil fuels like making coal into power and oil. Since the 1990s, there has been increases in CO2 in the atmosphere ( US Environmental Protection Agency, 2016). Don’t waste time! Our writers will create an original "Global Warming Also Called Climate Change" essay for you Create order There are many harmful effects of global warming. Such as, heat waves, droughts, heavy rainfall/ snowfall, species extinction, and many more things. Some major consequences are that if the Greenland ice sheet were to melt all completely, sea level would rise leaving animals, humans, and people homeless. Climate change like hurricanes, droughts, heat waves, and countless other very disastrous outcomes that come with it (Ocean Plastics Pollution, 2018). Climate change is already being shown like her in California, we had a drought some few years back and it hasn’t rained as much as it did back in early 2000s. These increases in temperature means that there has been an increase in the oceans temperature and destruction of coral reefs and killing many sea animals. Pollution in our seas could be a result of that and we consume these sea creatures that could makes us very ill. Global warming will cause ice glaciers to melt away and having animals like polar bears, seals, and many other animals without a habitat. This could even cause extinction to these animals. The destruction of our forests is a contributor, trees help bring us oxygen as, the trees take in carbon dioxide and releases oxygen to breath. Some ways that could help with global warming would be reducing gasoline use and having sort of a like hybrid car or walk to work, bike, or any of these ways can help reduce carbon dioxide and could save cost. Because cars have a major impact on the ozone of our planet. Trying to recycle can reduce garbage with recycling plastic bags, bottles, papers, and etc. We cannot really stop global warming but we can try and help slow it down by trying to reduce our everyday uses and try and conserve. Having renewable energy like solar power which will help keep some pollution off and reduced. Planting more trees would help and reducing deforestation because the temperatures are increasing and trees help improve the temperature on earth. But, these solutions cannot be done if it isn’t enacted and should be something locally, nationally, and internationally to stop these major effects of global warming to continue. This would help the earth, animals, and us human to prosper and live in a healthier planet.

Auditors in the Business World - 1642 Words

Accounting is the process of identifying, recording, and communicating the economic events of an organization to interested users to make sound decisions. In accounting identifying economic events involves selecting the economic activities related to a particular organization such as paying out salaries to employees of a particular entity. In turn, once these economic activities have been identified they are recorded in the books daily into a systematic system measured in dollars. These economic events are then classified and summarized by an accounting system. The data gathered from the economic events are then translated into financial statements and communicated to internal and external users interested in the economic health of the†¦show more content†¦SOX considered one of the most important bills passed by law to this day, established the Public Company Accounting Oversight Board (PCAOB), which is overseen and monitored by the Securities and Exchange Commission (SE C). â€Å"The PCAOB provides oversight for auditors of public companies, establishes auditing and quality control standards for public company audits and performs inspections of the quality controls at (CPA) firms performing those audits† (Arens, et al, 2010). The SEC ensures that PCAOB performs accordingly with overseeing, examining, regulating and penalizing auditors of publicly traded companies. As a result it validates an auditor’s opinion on an audit report because it give creditability and reliability to the information that is audited. Auditing is defined as the accumulation and evaluation of evidence about information to determine and report on the degree of correspondence between the information and established criteria (Arens, Elder, Beasley, 2010). In order to perform an audit there has to be information in which there is a form to validate and a criteria an auditor has to adhere to in order to evaluate any information whether it be financial statements, federal income tax returns, the efficiency of accounting systems, and proficiency of business operations. Obviously the criteria for evaluating information varyShow MoreRelatedThe Importance Of Auditor Independence On An Audit1473 Words   |  6 Pages Why is it important for external auditors to be independent? Relate your answer to the primary role of external auditors. Give examples of specific ways the lack of auditor independence may impact adversely on an audit. Auditing is one of the most essential processes that has to be executed in the business world. It involves independent testing on the documents of a business to establish the financial statements are prepared without any material misstatements and maintained as the law requiresRead MoreEthical Codes Of Conduct Are Secondary Thoughts1531 Words   |  7 Pagesconsidering accounting and ethics, the implications of poor performance has the potential to affect many different classes of stakeholders. Contemplating auditors, solely, raises the ethics issue to a whole different level in that he or she is responsible for assessing the viability of a business’ financial wherewithal. To that end, an auditor must gain an understanding of the company, its operations, financials and any known fraud committed; become familiar with its internal controls; evaluateRead MoreCareer Research : Quality Engineer1339 Words   |  6 PagesCareer Research: Quality Engineer/ Auditor In every industry there has always been a need for precision and quality, and from that need there has risen a profession to make sure that the high standards of precision and quality are efficiently met. This profession requires advanced schooling, a specific skill set and the mindset of anything worth doing, is worth doing right. It is a challenging profession, but those who follow through will reap the benefits. This profession is called auditing andRead MoreThe Importance Of Accounting As Well As Ethics1442 Words   |  6 PagesFollow up to the Interviews I am very fortunate to have been able to interview three business owners that I come in contact with almost daily from working at a golf course. I asked them all a wide variety of questions both through interviews as well as surveys (see appendices.) I asked them numerous questions both relating to accounting as well as ethics in the business world. They all game me a large range of answers to the majority of the questions that I asked them, however they all had two thingsRead MoreInternal Auditing And External Auditing Industry Essay1472 Words   |  6 PagesIn the last decade, the world of business has been subjected to significant changes. Globalization has given a new meaning to the way in which business is now conducted; i.e. business in a world devoid of geographical boundaries or time zones. Global expansion has also given rise to many emerging firms and laid the foundations for fierce competition amongst existing industries. Internal auditing is no exception. In order not t o face complacency or obsolescence, the internal auditing industry hasRead MoreWhy is it important for the external auditor to be independent?1495 Words   |  6 Pagesis it important for external auditor to be independent? Throughout the years, banks, shareholders, possible investors and creditors always relied on the financial statements produced by a company. Since the management of a company is producing these documents it has been assumed that the managers may act dishonestly so that their performance looks better. To monitor the company’s performance better the directors along with the shareholders employ external auditors to check all these financialRead MoreThe Code of Professional Conduct for Auditors1516 Words   |  6 Pagesexpectations and builds a framework to guide their members in all actions and operations. The code of professional conduct for auditors is one of extreme importance. The six main principals include the following: responsibilities, the public interest, professional due care, objectivity and indepdence, integrity, and the scope and nature of services. The manner in which an auditor performs and incorporates these six principals in his or her duties has a great eff ect on how they are viewed by clients,Read MoreInternal Audit Management - The Challenges1159 Words   |  5 PagesInternal Audit Management - The Challenges The current business environment has turned the spotlight on the role that a internal audit system must play within the larger drive towards effective governance, risk, compliance and quality management. An internal auditor has to work as a Technology savvy in-house that not only reports problems, but also gives constructive suggestions to line managers about how to improve the performance of the business. As a result, the internal auditing and corporate controlRead MoreWhy Is It Important for External Auditors to Be Independent? Relate Your Answer to the Primary Role of External Auditors. Give Examples of Specific Ways the Lack of Auditor Independence May Impact Adversely on an Audit.1648 Words   |  7 PagesTopic: Why is it important for external auditors to be independent? Relate your answer to the primary role of external auditors. Give examples of specific ways the lack of auditor independence may impact adversely on an audit. In 2001, there was an event that had shaken the whole business world. The crash of Enron in US, followed by worldwide collapse of its auditor, Arthur Andersen. It was a greatest corporate failure uncovered in business history. Follow the Enron-Andersen scandalRead MoreEssay about External Auditors Must be Independent1154 Words   |  5 Pageswas the September 11 event which was considered the worst terrorist attack that has happened in U.S. history, killing a total of 2, 977 people. And not long after that, in the business world, on December 2, the greatest corporate failure was exposed. The crash of Enron in US, followed by the worldwide collapse of its auditor, Arthur Andersen became one the most popular accounting scandal where it is still being talked about even after a decade has passed. Following this scandal, other massive organizations

Divorce - 808 Words

From the past to present, people all over the world have determined to get marriage. Nevertheless, some couples are unable to maintain their relationship so they choose to divorce, which is one of the solutions to cope with problems between a husband and wife. Most people claim to think carefully before they get married, but the divorce rates continue to increase. There are three main causes of divorce: the changing of a man and a woman s role, stress in modern living and the lack of communication between the married couple. The first significant cause of recent rise in the rates of divorce is that women completely change in roles. In the past, men had to earn the money to afford the expense of family, whereas the woman would do†¦show more content†¦The final cause of recent increasing divorce is lack of communication. Due to financial responsibilities in each family, many people are busy. For this reason, they have inadequate time to talk to the problems with their partners, which produces the likelihood of divorce. Some couples are often quiet when they have problems with each other, consequently little problems can expand to huge problems, resulting in divorce. It is quite clear that the more communications that is used, the more the divorce rates reduces. Although, these three causes of the recent rise in divorce rates expressed above, there are also two effects of the recent increase of divorce rates: negative effects and positive effects. For example, the effects of recent enlargement in divorce rates are negative effects. Most couples normally have children when they get married and divorce can have a direct effect on children. Children living in single parent families are more likely to get pregnant as teenagers, drop out of high school, abuse drugs and have aggressively emotional and behavioral problems, which lead to social problems. Some children decide to leave their home when their parents separate from each other, and subsequently they become homeless children. Due to shortage of education, jobs are to land and crime may likely be the result. On the other hand, another effect of the rise in divorce rates is positive. People, whoShow MoreRelatedThe Divorce Of A Divorce941 Words   |  4 Pagesanymore. When they are unable to maintain their marriage, their solution is to choose is divorce. Divorce, is defined as, the legal dissolution of a marriage by a court or other competent body. In today’s society, divorce is more normal than ever before due to unhappy marriages. The effects of the divorce are emotional effects, financial problems, and direction to an improved lifestyle. When it comes to divorce there s so many emotions that are being effected in the situation such as depression, happinessRead MoreDivorce : The Divorce Rate1662 Words   |  7 PagesThe divorce rate, while fluctuating over time, has reached high percentages lately. As Coltrane and Adams posit, the high divorce rates are due in part to the fact that the expectations of marriage are high in high esteem. When it does not work out, people are anxious to try again to find the perfect partner. Divorce is what allows people that opportunity (Coltrane and Adams p. 201). However, the intricacies of divorce are complicated. Much of the conversation of divorce is focused on fault andRead MoreDivorce And The Divorce Process1471 Words   |  6 Pagesthe subject of divorce, it became very apparent that the stressors leading up to divorce, the entire legal process, adjusting to life afterward and everything in between, left little more than devastation in its wake. By and large, divorce is incred ibly taxing on several fronts. We will discuss the emotional ramifications of divorce for spouses and children, what environmental factors contribute strongest to the dissolution of marriage, what percentage of marriages end in divorce, and the estimationRead MoreThe Divorce Rate Of Divorce1123 Words   |  5 Pagesrelationship, therefore they choose divorce, which is one of the solutions to cope with problems between husband and wife. Furthermore, most people think carefully before they get marriage. However, the divorce rates trend to continually increase nowadays, thus it might be argued that divorces can be taken place easier than the past. In the United States, researchers estimate that 40%–50% of all first marriages, and 60% of second marriages, will end in divorce. Divorce has always been present in AmericanRead MoreThe Issue Of Divorce And Divorce Essay1672 Words   |  7 PagesIt is common gossip that half of marriages end in divorce. But this gossip is more true t han most would assume. One in every one hundred marriages in North Carolina as well as a genuine half of marriages across the United States end in divorce and, according to Jennifer Lansford, â€Å"50% of American children will experience their parents’ divorce† (140). This rate of separation is essentially a heads-or-tails on marriages to determine whether or not they will work out and if a child will be affectedRead MoreDivorce And Its Effect On Divorce2098 Words   |  9 PagesThe memories of divorce have never been more sorrowful to any age group than the children of divorced parents. Although a couple’s marriage vows usually include the phrase â€Å"till death do us part,† about half of all marriages end up in divorce (â€Å"Divorce†). The reasons for divorce could be very simple as well as they could be complex. Some reasons for divorce are adultery, simple arrogance, dishonesty, insecurity, domestic and sexual abuses. In some situation d ivorce may provide relief from theRead MoreThe Divorce Cycle : The Children Of Divorce986 Words   |  4 Pagesinterested in the topic: consequences in divorce. Being a child of divorced parents is something I have always thought about and how it will effect me later in life with my relationships. I wonder if I am more likely to have a divorce as well because my parents had one. I have found a couple articles that talk about this topic one titled, Understanding the Divorce Cycle: The Children of Divorce in their own Marriages and the another titled, Effects of Parental Divorce on Marital Commitment and ConfidenceRead MoreEffects Of Divorce On Children And Divorce1460 Words   |  6 PagesIn today’s world, most people accept divorce or separation as a way of life. Parents are unaware or do not understand the damage it can have on their children. However, in some instances, it is better to get out of an abusive relationship because that can be as toxic as divorce. On average, 50% of children who are born with married parents, will experience divorce before the age of 18 (Children and Divorce Baucom, 2010-2017). Along with divorce statistics, 40% of children in America are raisedRead MoreDivorce Rate And Divorce Rates1224 Words   |  5 PagesDivorce rate also known as divorce demography, which is the study of demographic factors that impact divorced as a social phenomenon, the divorce demography can clearly evaluate and reflect the marriage stability and happiness index of certain countries or area and that is the reason why data statistics of divorce rate is important. According to ONS (Office of National Statistics), the divorce rate has not been that low since 1974, when it was 0.9%. The number of divorces in 2014 was declined toRead MoreDivorce Effect On Children : Divorce1825 Words   |  8 PagesApril, 2016 Divorce Effect on Children Divorce seems to become more and more common nowadays. Divorce can be a simple or complicated process depending if children are involved. This process can have negative and positive effects in a child s life. A divorce is the legal process of a marriage coming apart. A divorce with children involve cost more and takes about eleven months for the marriage to end. The majority of the divorces happening in the United States involve children. Divorce has different

Regulation of Natural Monopolies by Government

Question: Discuss about the Regulation of Natural Monopolies by Government. Answer: Introduction: A monopoly refers to the business organization which maintains exclusivity when it comes to the provision of particular commodity or service to the consumers. Monopoly can develop based on the form of the market or naturally. A natural monopoly refers to a kind of monopoly where the supplier through economies of scale comes up with the lowest cost of production. (Boundless, 2016). It is usually argued in most cases that one of the ways of increasing efficiency and reducing prices of commodities in the market is through competition. Competition compels the firms to come up with various tactics to retain and at the same time increase the number of customers. One of the techniques being an efficient use of the company's assets to reduce average total cost. But what if the existing market demand doesn't permit an extra firm to enter the market? That is, what if an additional entry of another company into the market will cause an increase in the overall average total costs in the industry? Such a situation exists in the case of natural monopolies. Examples of natural monopolies include water, sewerage, and electric power suppliers. Under natural monopoly, it is not practical to have more than one company providing similar utilities. For example, it is unreasonable to have say three companies supplying electric power to the households and commercial businesses. The reasons we can't have them is because of high initial capital required to initiate a national system or network of power lines. Apart from the large initial expense, it will not be prudent to have more than firm providing water since it will lead to duplication of resources and the average cost of production will also be high. The figure below illustrates what will happen if one and three companies provide utilities to the consumers. If the total demand in the industry is 10,000 units and one firm provides the 10,000 units, the average cost also known the price will be equal to 9. But if we have three companies, each will produce 3,000 units which will increase the average total cost to 17. Therefore, we can conclude that this industry requires one firm. The main problem or issue with natural monopolies is that if they are not controlled, they will end up producing goods or services which fewer compared to the required amount and charge high prices hence making supernormal profits. For example, if electricity supply is unregulated, the supplying company will produce its output following the rule of profit maximization where the marginal revenue is equivalent to marginal cost i.e. MR=MC. Marginal revenue refers to an extra income brought about by selling an additional unit of the output. (Gans, 2014). Marginal cost, on the other hand, refers to an additional charge which the producer incurs in the production of an additional unit of output. This means that if the income as a result of sales is equal or greater than expense which a firm incurs in production, then the trade can take place. The firm will produce the output at a point where the marginal revenue is less compared to the price charged. This will result in an increase in deadweight loss. Deadweight loss refers to an economic loss which occurs as a consequence of the inefficient allocation of resources. (McEachern, 2012). It is likely to happen in a situation where there is disequilibrium between the supply and demand. From the figure below, deadweight is represented by the area between the marginal cost curve and the demand curve which represents underproduction. Consumers usually feel that price charged for a good or service is not reasonable compared to the product's perceived benefits. (Mankiw, 2014). This wrong perception makes the consumers shun away from the product, and this leads to lower sales. This means that the marginal cost incurred during production will be less than the price which is an indicator of inefficiency in relation to resource allocation. Inefficient allocation of resources means that the firm is producing much less output than the required amount and at the same charges high prices which translates to earning of supernormal profits. In another scenario, the natural monopolist can decide to produce the output to a point where the price of the commodity equals the marginal cost i.e. P=MC. At this point, the marginal social benefit is equivalent to marginal social cost. To the consumers, this is the best option since the price of the goods and services is low, and there are no deadweight costs. This can be illustrated by the graph below. Based the graph above we can observe that a consumer will be charged POPT which is far below the average total cost at the given quantity. When the average total cost is below price, the firm will lose the income and the only way business in this type of situation can be redeemed and survive is through government subsidies. This calls for government intervention through control of output and the price. The government might decide to set up a price ceiling for the utilities at the point where the price is equivalent to the company's marginal cost. However, this will lead to a scenario where the price is less than the average cost, and this can result in terrible losses. A better-controlled price under this type of market is where the firm is allowed to charge a fair-return price. A fair-return is a price which is equivalent to the total average total cost of the enterprise. In economics, this is the price which will enable the business to earn a normal profit. Most governments have co me up with better strategies to regulate the natural monopolies. One of most popular strategy is setting up a price where the average cost of a natural monopoly is equal to its demand. This means that the company will earn a normal profit which is enough to keep the business going. The earning of normal profits will imply efficient allocation of resources and increase in the welfare of the consumers. After government intervention, the natural monopolist company will sell its goods or services to the customer at the intersection point between the average cost (AC) and demand (D). This means that the user will be paying for the goods and services at Pac as shown in the figure above. Setting up a standard price by the government to the natural monopolies ensures that the companies follow or adhere to specific standards of quality. (Arnold, 2010). Sometimes firms operating under the monopolies may fail to observe quality in the provision of goods and services due to less incentive. But through government intervention, such a company can provide qualit y products and services. Apart from regulating the natural monopolies through pricing, the federal government can also control the natural monopolies through other means such as through output control. Sometimes the natural monopolies may lower the quantity of the production or reduce the quality of the goods or services and charge high prices leading to earning of abnormal profits. But the government will ensure that the right output is available and correct price is charged to the consumers. It is crucial to note that the control of the monopolies by the government does not turn out the way it is supposed. The control of the natural monopolies either through pricing, output or profits distorts the incentives for the individuals operating the natural monopoly. For example, if the government decides to control the profits and ensure that the company doesn't earn the economic profits and instead gets normal profits, then the firm will have little or no incentive to reduce the costs. Additionally, control of the natural monopolies requires one to have information concerning the current costs in the business. Getting data concerning the costs incurred by the firm is not easy to acquire both for the natural monopoly and the government. Sometimes the natural monopolies may manipulate the figures to a certain level which won't reveal the state of affairs of the company. The collection of accurate and reliable data by the officials of the firm may be hard due to lack of incentives to aid in data gathering. Various economic scholars have come up with different theories or models which try to explain the concept of business regulation by the government. One of the theories is the public interest theory. This economic model established by Arthur Cecil Pigou asserts that control or regulation is meant to serve the interest of the public and not specific individuals in the society. It is assumed under this theory that the market is very delicate to be abandoned and there is the need to have neutral arbiter which in this case is the government. The model also assumes that the control of the businesses such as natural monopolies is meant to ensure an efficient distribution of the resources through output maximization and minimization of variance. Additional the theory assumes that the officials elected the best interest of the society. However, the model has received quite some criticisms whereby it is usually contrasted with the public choice model which is cynical concerning government moti ves and behavior. The other regulation theory is capture theory. This theory states that the agency controlling the industry will always monitor the sector which is being controlled. Most of the officials in the control panel are usually made up of prospective or former workers of the enterprise and in most cases; the individuals promote inefficiency instead of efficiency. (Markova, 2009). The controls are meant to serve the common interest of the firms in the industry. Another regulation theory is the public choice theory which asserts the control is expected to serve the government regulators' interests. The regulators are more likely to favor a control or regulation which provides more regulatory power. The regulation of the natural monopolies by the government brings in various expenses to the economy. One of the costs is the regulatory agency costs. The public usually pays this cost which is incurred to ensure that regulatory agencies carry out their operations efficiently in the form of taxes. Controlling the amount of firms which operate in a given industry is meant to reduce competition. On the other hand, lack of competition may act to the detriment of the consumer whereby the producer may choose to charge higher prices. References Arnold, R. A. (2010).Microeconomics. Mason, OH: South-Western Cengage Learning. Boundless. (2016). Regulation of Natural Monopoly. Boundless Economics. Available from: https://www.boundless.com/economics/textbooks/boundless-economics-textbook/monopoly-11/monopoly-in-public-policy-74/regulation-of-natural-monopoly-279-12376/ Retrieved 25 Dec. 2016. Gans, J. K. S. S. R. B. (2014).Principles of economics with student resource access 12 months. New York: Cengage Learning. Mankiw, N. G. (2014). Principles of economics. Markova, E. (2009).Liberalization and regulation of the telecommunications sector in transition countries: The case of Russia. Heidelberg: Physica-Verl. McEachern, W. A. (2012). Economics: A contemporary introduction. Mason, OH: South-Western Cengage Learning.

Reflective journal counselling free essay sample

In this reflective journal I’m willing to write my observation summarized from the lecture, class room, and the text book in last three weeks to identify briefly what is counselling, counselling skill and practices that we did in tutorial. What I understood about counselling is a service to help people with certain problem by making mutual relationship, addressing their issues in supportive environment so that a better understanding can be achieved. While it is necessary for counsellors observe the client and find out what is the main problem and pain they having, what is the key issue making them unhappy or stressed. It is not a theory that I can express only in few sentences. It includes wide range of study, practice and experience how to become a successful counsellor. People in their life happen to be a counsellor either professional or non-professional way, when it comes to a relationship, for example, between mother and child, student and teacher, nurse and patient. We will write a custom essay sample on Reflective journal counselling or any similar topic specifically for you Do Not WasteYour Time HIRE WRITER Only 13.90 / page Especially in my life experience woman tend to release their stress by talking with their friends with or without asking advice. I would like to outline how I used one of counselling skill open question at role play by listening to my partner efficiently. She started with one sentence that â€Å"I had horrible day at work† which tingled my curiosity to know more. After a several question, found out that she was not happy with her boss because he said that she is not good enough with reading the face of an upset client. She is a therapy masseur. During our conversation I felt little nervous because I was unsure if it is too many questions for her, whether the question is too personal or inappropriate, what is the limit of it, is my posture proper, do I making myself clear? But compare to first tutorial class which we did active listening practice, this time I felt much comfortable having conversation with her. It was not our first role play with her, so that made me bit relaxed. When we skipped our role I noticed myself talked too much without leaving her some questions to ask. I felt not good about it, on the other hand it might be helpful for the counsellor to determine the situations. Believe it or not, first, role play as a counsellor and patient sounded really easy, but I realized that is a challenging and lot more to learn and practice.